Satoshimaiku

Satoshimaiku

Hey Folks! Here's my latest technical analysis on BTC. Lets jump right into it. Looking at the 2 hour chart in Bitfinex. We can see that there's a Double Bottom formation. Moving Average Convergence and Divergence (MACD) is moving upwards and the Stochastic RSI indicator (Stoch Relative Strength Indicator) is showing that the blue line went under the orange line...

Satoshimaiku

Hey Folks! Here is an example of a Double Bottoms and Double Tops Chart Patterns. This is often observed in Technical Analysis, and referred to as reversal chart patterns. A Double Bottom happens after a downward trend and it creates two support points (1 & 2). After which, there will be an upward trend that goes beyond the resistance neckline. Whilst a Double...

Satoshimaiku

Hey Folks! Here is my trend analysis on Ethereum as of today. Looking at the four hour chart, we can see that Ethereum is forming a head and shoulders pattern. MACD is moving on a sideways pattern while Stoch RSI is consolidating down at the bottom. Historically speaking, head and shoulders pattern is often times followed by a downward trend. This clearly shows a...

Satoshimaiku

Hey Folks! Here is an example of a (Normal & Inverse) Head and Shoulders Pattern. On a Normal Head & Shoulders Pattern, it forms an uptrend followed by a downtrend. While an Inverse Head & Shoulders pattern forms a downtrend followed by an uptrend, we can also call this a reversal pattern. Disclaimer: This analysis is for informational purposes only and is not a...

Satoshimaiku

Hey Folks! Looking at the 4 hour chart of Bitcoin (BTC), it has formed a nice cup and handle chart. While Stoch RSI continued to show an upward trend. If it passes through the resistance level. We may see a possibility that it might reach $12k-$13k again this weekend. Disclaimer: This analysis is for informational purposes only and is not a recommendation to buy...

Satoshimaiku

Hey Folks! Looking at the 2 hour chart. SALT is on a semi bull run, as it shows a Bullish engulfing pattern. Creating a new upward trend. Disclaimer: This analysis is for educational purposes only and is not a recommendation for you to buy or sell anything.

Satoshimaiku

Hey Folks! Looking at the 4 hour chart, Ripple (XRP) is showing a continuous downward trend. MACD is on a sideways pattern and Stoch RSI is on a downtrend too. For now, XRP isn't showing any sign when its gonna go up. But who know, we just gotta wait a few more days before it regains a good position again. Disclaimer: This analysis is for educational purposes...